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Everyone knows Moore’s law. In 1965, Intel co-founder Gordon Moore observed that the number of components in integrated circuits was doubling every 12 months or so. In 1965, this meant that 50 transistors per chip offered the lowest per-transistor cost; Moore predicted that by 1970, this would rise to 1,000 components per chip, and that the price per transistor would drop by 90 percent. Of course, Gordon did not make this law on the basis of some scientific law or heavy research, instead he made it just on his observations. And it just happens that the person who came up with this law was also the co-founder of Intel. But since then, Moore’s law has progressed quite successfully and we can that in the technology we use today.(more…)